PHS Account Type

PHS offers various types of brokerage accounts for both domestic and foreign clients. The primary account types include:

• Cash Account: In this account, you must pay the full amount for securities purchased. You cannot borrow funds from your brokerage to make purchases.

• Margin Account: This account allows you to borrow funds from PHS to buy securities, providing greater purchasing power but also exposing you to the risk of larger losses.

• Open-End Fund Account: This account type is specifically for buying and selling open-ended fund certificates.

• Brokerage Accounts for Foreign Investors: Foreign individuals and institutions can open accounts with specific requirements, including a securities trading code from the Vietnam Securities Depository (VSD).

PHS Broker Account Opening Process

To open a brokerage account with PHS, follow these steps:

• Choose Account Type: Decide whether you want a cash account, margin account, or open-end fund account based on your investment goals and risk tolerance.

• Prepare Required Documents:

• For individual investors: Valid identity card, tax identification number, and other personal information.
• For institutional investors: Registration documents, business licenses, and identification of authorized individuals.

• Complete Application: Fill out the account opening form and submit it along with the required documents at any PHS branch or transaction office.

• Wait for Confirmation: After submitting your application, you will receive confirmation regarding your account status within a specified time frame.

• Fund Your Account: Once your account is opened, you can fund it using various methods such as electronic fund transfers or cash deposits.

• Start Trading: After funding, you can begin trading on the PHS platform.

For more detailed information, please refer to the official PHS website: PHS Brokerage Services.